First time buyers look abroad
FIRST time buyers in the UK are heading abroad in an attempt to get a foot on the property ladder.
In an interesting article on the Telegraph website, a survey of over 4,500 young people aged between 18 and 29 found half of them planned to buy abroad.
With two-thirds of those stating that their foreign investment would be their first property purchase.
It is clear that with the average price of a home in the UK being so high it is prohibitively expensive for first time buyers to actually purchase anything.
But if people can spend a bit of time searching an area in a foreign country to find a suitable property then their money is likely to go a lot further.
Most purchasers are looking to let their property, whilst others may look to use the internet to promote their business and keep in touch with clients.
There is one danger, as the article highlights, and that is the risk posed by currency fluctuations.